About Dena Bank Personal Loan Ghaziabad

Dena Bank is one of the trusted Indian Commercial Banks which has its headquarters based out at Mumbai. Devkaran Nanjee and his family founded the bank on the 26th of May, 1938. Later on, the Government of India nationalized the bank, together with 13 other commercial banks in the year 1969. It is one of the public sector banks which was once preferred amongst six other banks by the World Bank in the year 1995 for disbursing the loan amount of ₹72.3 Crores under Financial Sector Development Project. The bank incorporates its presence in Ghaziabad through some of its branches. The city is widely regarded for its large and planned industrial regions which is a home to the several leading commercial, industrial and educational centre of western U.P. The bank provides a host of banking services to its customers which involve Personal Banking Services that involves Loan, Deposit and Investment Services, Small and Medium Enterprises(SME) services and a couple of other premium services. Amongst this, a personal loan is one such loan preferred by the customers of Ghaziabad and outside regions in order to convert their dreams into reality.

Personal Loan offered by Dena Bank through its scheme ‘Dena Suvidha’ which is designed to satiate the personal needs and requirements of the borrowers whether it is for higher education, for marriage, for travelling overseas, for medical emergencies and much more. The interest rates on personal loans are offered at highly competitive rates with a very minimal and hassle-free documentation processes. Dena Suvidha Personal loan is very much customer responsive as the repayment flexibility has been set upto 3 years. The salaried employees are entitled to get such loans where they need to comply with the stipulated eligible monthly income of ₹ 15,000. This loan is provided under no margin requirement. However, the interest rates are categorized according to the classification of customers. But the interest rates are charged on the basis of daily reducing balance. The customers get the facility of repaying their EMIs on the basis of 36 installments and the medium of disbursement of their personal loan is a direct credit to their Savings Bank Account. The disbursement is made either through ECS (Electronic Clearing System) or SI(Standing Instructions) for making automated debits from their Dena Bank account.

In order to avail Dena Bank Personal loan, it’s not obligatory to open Savings Account with Dena Bank, nevertheless, it’s a requirement to be made with the bank so as to avail a lot of additional services if the borrower is an account holder of the bank. Also, it becomes much easier to follow the monthly expenses and thus can be kept in the record without any difficulty.

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